American International Group, Inc. (NYSE:AIG) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,257,236 shares of the insurance provider’s stock after selling 1,254,540 shares during the period. Vanguard Group Inc. owned about 0.10% of American International Group worth $4,750,727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Catalina Capital Group LLC grew its stake in American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after purchasing an additional 148 shares in the last quarter. Independent Advisor Alliance lifted its holdings in American International Group by 1.6% during the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after buying an additional 161 shares during the last quarter. Commerce Bank grew its position in shares of American International Group by 1.0% in the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after acquiring an additional 172 shares in the last quarter. Hilltop National Bank increased its holdings in shares of American International Group by 4.7% in the 4th quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock valued at $283,000 after acquiring an additional 175 shares during the last quarter. Finally, Cidel Asset Management Inc. raised its position in shares of American International Group by 2.1% during the 4th quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock valued at $634,000 after acquiring an additional 179 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Trading Up 1.2 %

Shares of NYSE:AIG opened at $84.19 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $49.95 billion, a price-to-earnings ratio of -40.47, a PEG ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $84.99. The company has a 50 day moving average price of $77.72 and a 200 day moving average price of $75.63.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. On average, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.90%. American International Group’s payout ratio is presently -76.92%.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, March 13th. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Wells Fargo & Company increased their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Morgan Stanley lifted their target price on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Keefe, Bruyette & Woods increased their price target on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.31.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.